Shell International Finance to redeem notes from four series

By Mary-Katherine Stinson

Lexington, Ky., Nov. 22 – Shell International Finance BV has announced a full redemption of notes from four series, according to a company release.

Shell will redeem its $1 billion 2.375% guaranteed notes due 2022, $1 billion 2.25% guaranteed notes due 2023, $1 billion 3.4% guaranteed notes due 2023 and $1.5 billion 2.375% guaranteed notes due 2025 on Dec. 22.

The notes will be redeemed with make-whole premiums which will be at the applicable Treasury rate plus: 15 basis points on the 2.375% notes due 2022, 10 basis points on the 2.25% notes due 2023, 12 basis points on the 3.4% notes due 2023 and 35 basis points on the 2.375% notes due 2025.

Accrued and unpaid interest will also be paid to the redemption date.

Shell International is a Hague, the Netherlands-based oil and gas company and is a subsidiary of Royal Dutch Shell plc.

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